SCHEDULE: Menlo Ventures Funds Disclose Chime Financial Stake
Beneficial Ownership Report
Multiple Menlo Ventures affiliated entities have jointly filed a Schedule 13G, disclosing a collective beneficial ownership of 5.3% of Chime Financial, Inc.'s Class A Common Stock.
Summary
- A Schedule 13G was filed by eleven affiliated entities of Menlo Ventures, including various L.P. funds and their respective General Partners (L.L.C.s), disclosing beneficial ownership in Chime Financial, Inc.'s Class A Common Stock.
- The filing reports an aggregate beneficial ownership of 17,442,713 shares of Class A Common Stock, representing 5.3% of the Issuer's outstanding Class A Common Stock.
- The percentage is calculated based on 332,239,249 shares of Class A Common Stock outstanding as of June 13, 2025, as disclosed in Chime Financial, Inc.'s prospectus dated June 11, 2025.
- Key reporting entities and their individual beneficial ownership include Menlo Ventures XIV, L.P. (6,865,680 shares, 2.1%), Menlo Inflection I, L.P. (9,650,310 shares, 2.9%), and their respective general partners, MV Management XIV, L.L.C. (7,056,190 shares, 2.1%) and MSOP GP, L.L.C. (9,807,210 shares, 3.0%).
- Other affiliated funds and their general partners hold smaller stakes, contributing to the overall aggregate ownership.
Sentiment
Score: 5
Explanation: This is a factual disclosure of beneficial ownership, providing no inherent positive or negative sentiment regarding the company's performance or outlook.
Future Outlook
NA
Industry Context
NA
Related Party Transactions
- The filing details the beneficial ownership of Chime Financial, Inc. Class A Common Stock by multiple investment funds (L.P.s) and their respective general partners (L.L.C.s), all of which are affiliated with Menlo Ventures. This represents a coordinated ownership structure by related entities.
Stakeholder Impact
- Indicates a significant block of ownership (5.3%) by institutional investors affiliated with Menlo Ventures, which could influence corporate governance and strategic decisions for Chime Financial, Inc.
Key Dates
| Date | Description |
|---|---|
| 06/11/2025 | Date of Chime Financial, Inc.'s prospectus. |
| 06/12/2025 | Date Chime Financial, Inc.'s prospectus was filed with the SEC. |
| 06/13/2025 | Date as of which the number of outstanding Class A common stock (332,239,249 shares) was determined for percentage calculation. |
| 06/30/2025 | Date of event which required the filing of this statement (beneficial ownership snapshot date). |
| 08/14/2025 | Date the Schedule 13G and Joint Filing Agreement were signed and filed. |
Keywords
Chime Financial, Menlo Ventures, Schedule 13G, Beneficial Ownership, Class A Common Stock, Investment, Fintech
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